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Apple Institutes New Charitable Matching Program for Employees
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A lot of businesses cost next to nothing to set up, selling home grown vegetables in the street, setting up a blog and putting loads of affiliate ads on it, knocking on doors offering to wash peoples cars or walk their dogs
Foxconn employees should be grateful they have a job at all, if it was not for Foxconn in the absence of alternative employment the Foxconn employeers would be starving in the street with nowhere to live, there is no welfare system out there, Foxconn house them, feed them, give them work
and bring in a living wage off any of those in a short amount of time span... Oh wait not happening.
Blog is not going to being in more pennies and chances are not even enough to pay for your internet bill to updated.
They all take time and money. Something those people do not have. but then again it is already pretty clear you measure people by their bank account and failed to understand there are a lot of things out there that people have zero control over.
Do you want to pay my 100 buck a month bill in medication just to keep me from going into a deep depression. Or other things I deal with beyond my control.
Tim:hey steve! hey steve!
Steve:Yeah whats the matter?
Tim: I was thinking of launching a charity, is that ok with you?
Steve:Is that it? Come on this couldn't wait til the weekend?
Tim:yeah yeah but but I want to do it like.. right now, it would make me look so awesome!
Steve: Yeah ok whatever, just make sure you keep on eye on the iPhone 5 launch *face palm*
*hangs up*
Steve:Yeah whats the matter?
Tim: I was thinking of launching a charity, is that ok with you?
Steve:Is that it? Come on this couldn't wait til the weekend?
Tim:yeah yeah but but I want to do it like.. right now, it would make me look so awesome!
Steve: Yeah ok whatever, just make sure you keep on eye on the iPhone 5 launch *face palm*
*hangs up*
Kicking it Old School
That's the Apple I remember. Forget giving their employees iPhones, encourage them to donate.
First Final Cut Studio returns now this, what's next!?
That's the Apple I remember. Forget giving their employees iPhones, encourage them to donate.
First Final Cut Studio returns now this, what's next!?
Some Churches are 501c3, others are not. Apple's plan only covers the non-profit (no pun) churches that have organized as 503c3. Some "churches" are in fact a business and Apple's plan would not cover those.
This is a very nice incentive from Apple. That said, I'm wondering if they have considered the possibilities for a PR disaster when employees give to the not-so-admirable organisations, and Apple have to do the same. I mean, not everyone fight against hunger, aids and the like. Some are politically controversial, some are crazy while some just promote hate. These can still be non-profit.
Consider these juicy headlines:
"Apple gives aid to group calling for the killing of gays" (Westboro Baptist Church)
"Apple sponsors socialist agenda in the US" (some socialist organisation)
"Apple donates $10.000 to Church of Scientology (or perhaps those are not considered non-profit? they shouldn't be haha)
Consider these juicy headlines:
"Apple gives aid to group calling for the killing of gays" (Westboro Baptist Church)
"Apple sponsors socialist agenda in the US" (some socialist organisation)
"Apple donates $10.000 to Church of Scientology (or perhaps those are not considered non-profit? they shouldn't be haha)
1) A "normal" desktop computer?
2) anti-glare treatments on Apple monitors
We can hope....
I am sure that Apple will have an approved list and it won't be a free for all, any charities involved in hate/bogotry would likely result in the employee getting sacked let along Apple donating
Seriously?
Most of the fortune 500 have this. People like to give when they can.
The fact is Apple is matching. Big deal. Costs them nothing. Really. It and the program management costs are tax deductible. To an investor this is goodwill and written off the amount owed to the IRS. In fact, investors like to see goodwill on the balance sheet.
Regardless of why Apple didn't do this in the past, it makes sense to do it now.
Plus, I am sure this is a simple way that does not alter Apple's culture that Tim can craft his own legacy at Apple.
Most of the fortune 500 have this. People like to give when they can.
The fact is Apple is matching. Big deal. Costs them nothing. Really. It and the program management costs are tax deductible. To an investor this is goodwill and written off the amount owed to the IRS. In fact, investors like to see goodwill on the balance sheet.
Regardless of why Apple didn't do this in the past, it makes sense to do it now.
Plus, I am sure this is a simple way that does not alter Apple's culture that Tim can craft his own legacy at Apple.
All of those businesses that cost next to nothing to set up pay next to nothing. None of those will pay even minimum wage.
I think begging pays better then any of your suggestions. Just stand on the street and ask people for "spare change". I've literally seen people make $20 an hour as a beggar..
Many of the Fortune 500 firms that match do not allow matching to religion, or political charities.
Keep it to social services, education and animals.
There is no controversy proof means to accomplish this, but eliminating religious and political certainly cuts down on BS.
Most people give to their alma mater, local charities that mean something to them i.e. nature, medical like AHA, diabetes, autism, cancer, etc. As for the $10,000 most Americans will never come close to that tithing. But a $100 check to the university will be matched.
Keep it to social services, education and animals.
There is no controversy proof means to accomplish this, but eliminating religious and political certainly cuts down on BS.
Most people give to their alma mater, local charities that mean something to them i.e. nature, medical like AHA, diabetes, autism, cancer, etc. As for the $10,000 most Americans will never come close to that tithing. But a $100 check to the university will be matched.
Tim:hey steve! hey steve!
Steve:Yeah whats the matter?
Tim: I was thinking of launching a charity, is that ok with you?
Steve:Is that it? Come on this couldn't wait til the weekend?
Tim:yeah yeah but but I want to do it like.. right now, it would make me look so awesome!
Steve: Yeah ok whatever, just make sure you keep on eye on the iPhone 5 launch *face palm*
*hangs up*
HR Policy
This is really the best point in the thread and something that hasn't been getting enough attention by the media and Wall Street. When is this giant going to start paying out cash it clearly doesn't need?
There are many arguments in the finance/tax world that shareholders (who receive dividends) should be making the donations- not corporations.
I think if Apple were to announce that they were donating 'material' amounts, much more criticism of management would be warranted.
However, this is a very modest HR policy. I don't see this reflecting the 'big picture' management style or it being a waste of shareholder money.
This is really the best point in the thread and something that hasn't been getting enough attention by the media and Wall Street. When is this giant going to start paying out cash it clearly doesn't need?
There are many arguments in the finance/tax world that shareholders (who receive dividends) should be making the donations- not corporations.
I think if Apple were to announce that they were donating 'material' amounts, much more criticism of management would be warranted.
However, this is a very modest HR policy. I don't see this reflecting the 'big picture' management style or it being a waste of shareholder money.
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Are this many people unaware what tax deductible means? It doesn't cost Apple nothing. Assuming a 35% tax bracket, a $10,000 donation costs them $6,500.
I just believe that welfare benefits hinders rather than helps, people get hooked on welfare and the dependency on it instead of being self reliant and thinking outside the box in terms of how to make money, welfare does more harm than good, people think that welfare state is being caring and helping them but it is doing the opposite, it is in effect condemning them to a lifetime of inactivity and no work ethic, if anything welfare is cruel